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Al Salam Bank Trims Indirect Stake in Solidarity Group Holding

MT Newswires·09/29/2026 10:43:13
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10:43 AM EDT, 09/29/2026 (MT Newswires) -- Al Salam Bank (DFM:SALAM_BAH) sold a 10.91% indirect stake in Solidarity Group Holding, or SGH, reducing its indirect shareholding to 45% from 55.91%. The Dubai-listed lender said Tuesday the transaction has no material impact, other than SGH's reclassification as an associate rather than a subsidiary in its third-quarter financial statements.